Compliance Peace of Mind for the Global Precious Metals Industry

Karuschain is helping mining companies remain competitive, compliant and achieve sustainability with cutting edge distributed ledger technology.

Blockchain Powered, Industry-Wide, Supply Chain Platform

Blockchain Powered, Industry-Wide, Supply Chain Platform

The Karuschain platform is a tracing and tracking solution for the precious metal industry. The platform enables upstream producers to track precious metal as it travels upstream from its point of extraction. Simultaneously the platform facilitates tracing back to the source of the precious metals.

Blockchain Powered, Industry-Wide, Supply Chain Platform

About Us

Peace of mind for miners. Karuschain is a modernized approach to enabling global supply chain transparency, accuracy and compliance for the precious metals mining industry by leveraging blockchain technology. With Karuschain, the precious metals mining industry will be able to access dramatically improved supply chain efficiencies while meeting their regulatory and compliance needs.

Data Security

The Karuschain platform is secured by a sophisticated implementation of blockchain architecture that provides protection from conventional attack vectors.


The Karuschain platform provides full transparency for the precious metals supply chain, from mining all the way to the retail sale.


Karuschain is built to support its long term vision to be the supply chain compliance rails for the entire precious metals industry. The platform architecture is robust and can scale easily as new industry participants join.

Data Privacy

Users of the Karuschain platform will have complete control over the supply chain data they wish to share. The platform provides flexible enterprise level access control. Proprietary data may be shared with a consortia of trusted peers on the platform or not at all.

Our Roadmap

The Karuschain management team has a track record of delivering results. We are on track with our project roadmap with a live demo already created.

STAGE • 2017 - 2018
Karuschain Founded - Q4 2017
Blockchain Technology Advisors Stanislav Synko and David Pierini Retained
Compliance and Legal Advisors Law Firm Ellul & Co Retained
White Paper Research Commences
Academics are Consulted
Development Roadmap Finalized
Demo Development Commences
White Paper Writing Begins
Live Demo of Karuschain Released
White Paper Internal Draft Circulated
Robert van der Zalm is hired to be CFO
James McDowell is hired to be COO
Mike Templeman is retained as Marketing Advisor
Company incorporated in Gibraltar
Money Laundering Reporting Officer Appointed
Private Sale Completed
Public Version of White Paper Completed - Q4
Website is Launched - Q4
STAGE • 2019
Initial Exchange Offering (IEO) Commences - Q2
IEO Ends - Q3
Karus Home Office Opens in Gibraltar - Q3
Marketing and Business Development is Kicked off
Karuschain Platform Development Begins - Q3
Hardwared Module R&D Begins - Q3
Proof of Concept (PoC) Partner Announced & Strategic Partnership Signed - Q3
Onsite PoC begins - Q4
STAGE • 2020
Production Version of Hardware Module is Field Tested - Q1
Onsite PoC is Completed - Q2
Initial Platform Development is Completed - Q2
Hardware Module is Completed - Q3
Karuschain Platform is Live - Q4
R&D, Hiring, and Development Continues - Q4 into 2021

Our Team

Karuschain proudly represents greater than 270 years of combined experience in the global precious metals industries. For this reason and others, Karuschain is uniquely well-positioned in the market to readily address industry pain points head on and operate as an aligned partner within the industry.

Richard Verkley
Chairman and CEO

Richard Verkley is Chairman and founder of Karuschain. As a serial entrepreneur and businessman, Richard has decades of experience in bringing large scale commercial ventures to market. His past experience includes building international franchise organizations, implementing unique growth strategies, and successfully bringing new concepts to life in a multitude of industries. Richard has an ability to generate strong business plans with market opportunity in mind and he builds expert teams to support his vision. He is focused on applying technology to solve the environmental challenges in the mining and precious metals industries. Leveraging his experience of running a mining concern in South America, Richard has produced thought leadership in the industry, highlighting the use of technology in the sector. Some examples include: "The Transformative Potential of Blockchain in Mining" and "How Blockchain Can Ensure the Security of Gold Investments." One of Richard's current projects involve bringing a patent pending transformational technology to precious metals mining. The technology is designed to increase mining yields and integrate AI into the mining process for increased transparency. In his free time, Richard travels the world with his family and engages with his charitable organization, Hearts of Gold

James McDowell

James has over 12 years operations and finance experience working for major investment banks, such as JP Morgan, and most recently spent the last 7 years working at one of the world’s largest exchanges, Intercontinental Exchange (ICE). He has significant new business development and operational experience working alongside technology and fintech startups, and was involved in the first ever successful test of blockchain technology and smart contracts to manage the entire trade life cycle for credit default swap (CDS) trades back in early 2016, and has been an avid supporter of this game changing technology ever since.

Robert van der Zalm

Robert is a CFO of Karuschain. He has 28 years’ finance management experience in Consumer Products, Speciality Chemicals, Agricultural, Downstream Oil and Gas as well as Metals Sectors. Prior to joining Karuschain, Robert was Group CFO of Noble Group, a Singaporean listed commodity trading company. Prior to that Robert was CFO of BHP Billiton’s Global Aluminium business. Robert started his career at Unilever, he held a number of finance positions in Europe, Russia and SE Asia. He then joined Shell, holding a number of senior management positions in Finance and M&A in the Downstream business, before becoming CFO of its Gas and Power Trading business. Robert holds a Chemistry degree from Oxford University.

Bruce Wilkinson
VP of Program Management and Chief of Staff

Bruce Wilkinson, MBA, PMP is an experienced Business Strategist/Project Manager who specializes in leading technology-focused enterprise initiatives and project teams from inception through to completion. Bruce brings a wealth of expertise in a range of industries to bear on each project he tackles. Experience includes complete life-cycle project management in business software engineering, business intelligence projects, implementing enterprise-level Electronic Health Records and Practice Management Systems, and projects involving large plant operations. Bruce has specialized expertise in corporate productivity, time management, and in the facilitation of positive team dynamics.

Ian Bessarabia
Country Manager for South Africa

Former Head of South African Operations for ConsenSys, and a 20 year veteran of financial markets, Ian Bessarabia, founded On the Edge, Blox for Business in 2019 as an advisory and strategic partner to financial market players, central banks and regional bodies with the purpose of improving business processes through the adoption of new gen technologies such as blockchain and smart contract solutions. Warm, genuine and engaging, Ian’s keynotes and workshops combine thought-provoking content, down to earth anecdotes and practical strategies leaving participants feeling uplifted and inspired. Ian was previously a senior executive at Thomson Reuters and Business Development Manager for Sub Sahara Africa, at SWIFT. He holds a B.Com from the University of South Africa and recently obtained his Blockchain Corda Developer certification from R3. A sought-after international blockchain and crypto speaker, Ian has spoken and participated in conferences around the world. Recently invited to become a partner at Effect.Ai where Ian performs the role of South African based representative for a team of individuals who are working on creating a ‘marketplace’ which is committed to being an open, accessible and affordable platform for smart algorithms to operate.

Nicky Lawlor
Account Manager

Nicky’s career to date spans organisations from start-up to SMEs, a European Institutionand a FTSE 100 multinational. She has extensive experience in a corporate environmentwith a global remit. At Compass Group plc, she established and drove implementation of leading-edge Global HR projects into geographically dispersed businesses including Asia Pacific and Latin America. She played a key role in the development and global roll out of their Vision and Values, Employer Brand, Employee satisfaction measurement and Frontline training programmes. She was also involved in the implementation of Corporate Social Responsibility projects through a CSR awards programme. At the European Commission in Brussels, she spent 5 years as a contracts administrator on pan-European telecommunications projects. Other roles have included design and facilitation of businesssimulation training programmes in a multitude of sectors and for all levels of managementfor Creating Value Ltd, a niche training company. She is also a co-founder of cyberfen, a cyber risk awareness training company. Nicky is a Chartered member of CIPD and holdsa MSc in Business Leadership.

Our Strategic Partners & Advisors

Our strategic partners and advisors were hand-selected for their unique set of expertise in law, technology, marketing, and business.

Professor Jim Porter
Consulting Engineer

Jim Porter is a Consulting Engineer with 39 years operational, project management and consulting experience. He holds a BSc Hons Mining (Leeds University) and completed the Management Development Program (UNISA) and an Advanced Management Program (INSEAD, France).Jim commenced his career at AngloGold Ashanti, where he held a number of senior management positions including Production Manager (managing upwards of approx. 8,500 employees), Senior Project Manager and Mine Manager. During his time with AngloGold Ashanti, Jim ran several large shaft sinking projects, oversaw numerous technology and mechanisation initiatives as well as establishing a sound safety and production record. In 1997 Jim started a mining technology focused services company MineRP Solutions (GMSI) as Managing Director. He led corporate outsourcing contracts and developed the strategy for the internationalisation and growth of the Group mining business. After a spell heading the Consulting group at TWP Projects, in 2011 Jim started his own consulting company; Jim Porter Mining Consulting (Pty) Ltd (JPMC).

He is also a Visiting Adjunct Professor for the Centre of Mechanised Mining Systems at Wits University, Chairman of Tarrill Trading (a gold exploration and mining company in Zimbabwe), COO of Auroch Minerals NL (An Australian listed company) as well as a Past President of the Southern African Institute of Mining and Metallurgy, and previously the Chairman of both the Johannesburg branch of the Southern African Institute of Mining and Metallurgy as well as the Technical Programme Committee (TPC). He is also an Honorary Life Fellow of The Southern African Institute of Mining and Metallurgy.

David Pierini
Blockchain Technology

David began his legal practice in Silicon Valley focusing on advising early-stage startups. He transitioned to the role of global compliance project counsel for OnRamp Systems, a financial tech startup affiliated with Cisco Systems and IBM Watson. OnRamp specialized in using machine learning to solve complex regulatory issues such as implementing Dodd-Frank and its RRP provisions for one of the world’s largest banks and preparing for the transition to ASC 606 Revenue Recognition for Fortune 500 customers. He has spent time with McGuire Woods LLP and the legal department of Freddie Mac. David focuses on the intersection of legal and regulatory systems with the development of blockchain systems and smart contracts. He earned his J.D. from William & Mary and his LL.M. in Taxation from the Georgetown University Law Center.

Luciano Pesci PhD
Economic Advisor

Luciano is an economist, data scientist, and futurist. In addition to being a highly loved professor at multiple higher eds, he’s the founder and CEO of Emperitas, a business intelligence solution that combines data science with agile research and economic modeling

Stanislav Synko
Blockchain Technology

Stan began his career in information technology advising startup and enterprise clients on the best possible technical implementation of complex systems and building software products. Stan is an early believer in both public and private blockchain systems. His work in the area includes: helping companies integrate smart contracts on the Ethereum blockchain; architecting award-winning public and private blockchain systems with a focus on Hyperledger; expertise in secure multiple signature solutions and bitcoin wallet development; and thought leadership (Stan conducted workshops and seminars about blockchain at Harvard, Rutgers Business School, AIS Educator Conference, and dozens of events in New York and California.)

Marc X. Ellul
Legal and Compliance

Marc X. Ellul has 25 years’ experience as a Gibraltar lawyer. He is the Managing Partner of Ellul & Co. ( and heads the firm’s fintech team. He is Chairman of the Gibraltar Finance Centre Council. Representatives of all of Gibraltar’s financial services industry associations are members of this Council whose objects are to promote the economic interests of Gibraltar by developing the finance centre. The Council meets regularly with the Minister for Commerce, Government officials and the FSC and has an important role in shaping finance centre policy and legislation. He was also Chairman of the Company Law Reform Committee which updated the Companies Act in 2014 and he formed a part of the team which drew up the AML guidance notes for Gibraltar lawyers. He now mainly practises as a corporate, funds, tax and fintech lawyer. He is actively involved in blockchain work in Gibraltar advising on the set-up of regulated cryptocurrency exchanges, token sale (ICOs) and on the establishment of digital asset investment funds.

Per Jirstrand
Blockchain Advisor

Per Jirstrand is an experienced entrepreneur, having recently built Block5 Ventures which is a blockchain advisory company based in New York. Prior to that, he built two mobile tech companies and have 12 years management consulting experience from Deloitte. Per is passionate about working closely with founders and teams in developing and launching breakthrough ideas and new business models. Many of Per’s clients improve lives and change industries and push the edge of what’s possible in their fields. He is experienced working with distributed teams for organizations ranging from pre-funding startups to large Fortune 500 organizations to create inspired and innovative strategies and products.

Carl “Hank” Amon
General Counsel

Hank was a long-time partner of the international law firm, White & Case LLP, which is headquartered in New York.  During his career at White & Case, he served considerable time in the firm’s overseas offices.  These postings took him to London, where for five years he took a leading role in the development of the Eurodollar and Eurobond markets, Brussels, where he was involved in many continental financial transactions, Prague, where he lead the firm’s development of its Eastern European practice in the early 1990’s, and Hong Kong, where in the 1980’s he helped launch the firm’s Asian markets practice.  Mr. Amon has considerable experience of many different types of commercial and financial transactions, including those involving bank and project finance, mergers and acquisitions and infrastructure development.  Among other projects, Mr. Amon has been extensively involved since 2000 in airport development transactions in Jordan, Saudi Arabia, Croatia, Ecuador and Kosovo.

Our Blog

How Blockchain Technology will Improve the Precious Metals Supply Chain
How Blockchain Technology will Improve the Precious Metals Supply Chain

From the gold on your finger to the tin in your iPhone, the precious metals supply chain has been rife with controversy and corruption. Movies like Blood Diamond certainly call attention to some of the more unseemly practices, but they don't solve the problem. There's still a lot of uncertainty about the ethics behind what we're buying, and much of this is due to the anonymity behind the supply chain.

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The Humanitarian Crisis of Precious Metals Mining
The Humanitarian Crisis of Precious Metals Mining

Unless we're actively confronted with it, it's easy to forget where our products actually come from. If we don't see who made the product, how it was shipped, and where the money goes, we usually just pocket our possessions and move on with our lives. But it doesn't take much digging to see that we have a humanitarian crisis on our hands when it comes to the precious metals industry. And if you use a mobile phone, you're likely (unknowingly) contributing to the problem.

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